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AUSTRALIAN BUILDING APPROVALS RISE 1.6 PCT IN JUNE: ABS.
SYDNEY, Aug 1 Asia Pulse - Building approvals rose solidly in June, confirming economists' expectations that the nation's central bank will raise interest rates this week.
Figures from the Australian Bureau of Statistics showed building approvals rose 1.6 per cent to 13,028 units in June, seasonally adjusted, countering expectations for a fall of 1.5 per cent.
In the year to June, building approvals fell 7.5 per cent.
Citigroup economist Shane Lee said the data indicated that housing demand was fairly firm around the time of the Reserve Bank of Australia's (RBA) last interest rate hike.
"But it also appears that there hasn't been a large impact from the May interest rate rise, given that you'd expect a bit more payback in June after the strong rise in May," he ...
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...lift of 1.3 per cent in building approvals in February following January...through to into stronger building approvals." The Reserve Bank of Australia has held interest...was probably now over for building approvals. "Dwelling construction...
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...CANBERRA, May 3 Asia Pulse - A sharp fall in building approvals was due solely to the Reserve Bank's decision to lift interest rates in March...Bank to leave rates on hold this month. Building approvals slumped 6.8 per cent in March, with approvals...
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- News wire article from: AsiaPulse News December 4, 2008 700+ words
...National building approvals fell 5.4...October from the Reserve Bank of Australia...October, building approvals fell 26...she said. "Building approvals collapsed...cuts from the Reserve Bank of Australia...
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- News wire article from: AsiaPulse News May 30, 2006 700+ words
...May 30 Asia Pulse - Building approvals were falling before the Reserve Bank decided to lift interest...said during April, building approvals slumped 3.4 per...estimated value of total building approvals fell 11.4 per cent...
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...Australian building approvals are expected...impact of the Reserve Bank of Australia...The November building approvals data will...rates by the Reserve Bank of Australia...slowing in building approvals. However...
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...the overall fall in building approvals, but other parts...Edwards said the latest building approvals data would be consistent with the Reserve Bank of Australia (RBA...expected the fall in building approvals to continue given...
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- News wire article from: AsiaPulse News January 7, 2005 700+ words
...economist Todd Ritchie said new figures out today, showing a 0.3 per cent fall in total building approvals, was further confirmation of the Reserve Bank's decision to keep interest rates on hold through 2004. "Monthly approvals have fallen...
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- News wire article from: AsiaPulse News January 8, 2009 700+ words
...number of Australian building approvals plummeted to their...The number of building approvals backpedalled 12...easing" from the Reserve Bank of Australia (RBA...The grim November building approvals numbers confirmed...